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About XER

Xcite Energy employee

Xcite Energy Resources (XER) is a heavy oil appraisal and development company, with 100% working interests and current interests in four blocks in the UK North Sea.

Its primary focus is in bringing the Bentley oil field on Block 9/3b into production and in doing so becoming a significant independent oil producer in the North Sea.

Business Strategy

  • Bring the Bentley field into commercial production
  • Grow its reserves base from the existing 267 million barrels of 2P reserves through the conversion of its contingent resources base
  • Grow its resources base
  • Employ enhanced oil recovery processes (EOR) to further increase its resource base
  • Increase its asset portfolio through licence rounds

Published : Friday, December 2, 2016 4:00 PM UTC